A new report by leading international NGO World Wide Fund for Nature(WWF)and consulting firm,Dalberg,has revealed that the societal cost of plastic pollution could hit $7.1 trillion by 2040 if urgent action is not taken.The lifetime cost to society,the environment and the economy of plastic produced in 2019 alone has been revealed at $3.7 trillion.In the report titled'Plastics:The cost to society,environment and the economy',WWF claims fragmented regulatory approaches,misplaced incentives and a lack of coordinated technical resources,financial support and consistent data on plastic leakage are currently"costing us the Earth".
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